Value of Exports to Russia from Virginia
VARUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,441,633.00
Year-over-Year Change
-44.08%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Russia from Virginia' trend measures the total value of goods and services exported from the U.S. state of Virginia to Russia. This metric is important for policymakers and economists to monitor trade dynamics and assess economic relationships between regions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the dollar value of all products and services shipped from Virginia to customers in Russia. It provides insight into the commercial activity and trade flows between the two economies, which can be influenced by factors like tariffs, exchange rates, and geopolitical events.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Tracking Virginia's exports to Russia is relevant for understanding broader U.S. trade policy and its regional economic impacts.
Key Facts
- Virginia exported $XXX million to Russia in 20XX.
- Exports to Russia account for X% of Virginia's total international trade.
- Trade with Russia supports XXX jobs in Virginia's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of Virginia to customers in Russia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Virginia's exports to Russia provides insight into the commercial activity and trade dynamics between the two economies, which is relevant for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Tracking Virginia's exports to Russia is relevant for understanding broader U.S. trade policy and its regional economic impacts.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the latest data being published, and the figures do not include certain types of services trade.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Virginia (VARUSA052SCEN), retrieved from FRED.